UFO vs. QTOP

Last updated Jun 24, 2026

UFO (Procure Space ETF) and QTOP (iShares Nasdaq Top 30 Stocks ETF) are both exchange-traded funds - UFO is a Global Equities fund tracking the S-Network Space Index, while QTOP is a Nasdaq-100 fund tracking the Nasdaq-100 Top 30 Index. Both are passively managed. Over the past year, UFO returned 76.34% vs 38.12% for QTOP. A 0.55 correlation means they provide meaningful diversification when combined. UFO charges 0.75%/yr vs 0.20%/yr for QTOP.

Performance

UFO vs. QTOP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Procure Space ETF (UFO) and iShares Nasdaq Top 30 Stocks ETF (QTOP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, UFO achieves a 24.53% return, which is significantly higher than QTOP's 17.15% return.

UFO

• 1D: -1.21%
• 1M: -22.25%
• YTD: 24.53%
• 6M: 20.15%
• 1Y: 76.34%
• 3Y*: 39.04%
• 5Y*: 11.11%
• 10Y*: —

QTOP

• 1D: -3.69%
• 1M: -1.41%
• YTD: 17.15%
• 6M: 15.48%
• 1Y: 38.12%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

UFO vs. QTOP - Yearly Performance Comparison

	2026 (YTD)	2025	2024
UFO Procure Space ETF	24.53%	67.36%	23.70%
QTOP iShares Nasdaq Top 30 Stocks ETF	17.15%	22.19%	6.25%

Correlation

The correlation between UFO and QTOP is 0.50, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.50
Correlation (All Time) Calculated using the full available price history since Oct 24, 2024	0.55

The correlation between UFO and QTOP has been stable across timeframes, ranging from 0.50 to 0.55 - a consistent structural relationship.

UFO vs. QTOP - Sectors Allocation Comparison

Sectors	UFO	QTOP
Industrials	52.2%	0.9%
Communication Services	28.6%	15.7%
Technology	19.3%	62.3%
Financial Services	0.0%	-
Basic Materials	-	1.4%
Consumer Cyclical	-	9.9%
Consumer Defensive	-	6.9%
Energy	-	-
Healthcare	-	2.9%
Real Estate	-	-
Utilities	-	-

Return for Risk

UFO vs. QTOP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

UFO

UFO Risk / Return Rank: 54
UFO Sharpe Ratio Rank: 59
UFO Sortino Ratio Rank: 53
UFO Omega Ratio Rank: 48
UFO Calmar Ratio Rank: 56
UFO Martin Ratio Rank: 54

QTOP

QTOP Risk / Return Rank: 60
QTOP Sharpe Ratio Rank: 62
QTOP Sortino Ratio Rank: 55
QTOP Omega Ratio Rank: 59
QTOP Calmar Ratio Rank: 62
QTOP Martin Ratio Rank: 61

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

UFO vs. QTOP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Procure Space ETF (UFO) and iShares Nasdaq Top 30 Stocks ETF (QTOP). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	UFO	QTOP	Difference
Sharpe ratio: Return per unit of total volatility	1.89	1.97	-0.08
Sortino ratio: Return per unit of downside risk	2.47	2.56	-0.09
Omega ratio: Gain probability vs. loss probability	1.29	1.35	-0.05
Calmar ratio: Return relative to maximum drawdown	2.64	2.97	-0.33
Martin ratio: Return relative to average drawdown	9.06	10.59	-1.53

UFO vs. QTOP - Sharpe Ratio Comparison

The current UFO Sharpe Ratio is 1.89, which is comparable to the QTOP Sharpe Ratio of 1.97. The chart below compares the historical Sharpe Ratios of UFO and QTOP, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

UFO vs. QTOP - Drawdown Comparison

The maximum UFO drawdown since its inception was -50.33%, which is greater than QTOP's maximum drawdown of -23.28%. Use the drawdown chart below to compare losses from any high point for UFO and QTOP.

Drawdown Indicators

	UFO	QTOP	Difference
Max Drawdown Largest peak-to-trough decline	-50.33%	-23.28%	-27.05%
Max Drawdown (1Y) Largest decline over 1 year	-29.02%	-12.88%	-16.14%
Max Drawdown (3Y) Largest decline over 3 years	-29.02%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-50.33%	—	—
Current Drawdown Current decline from peak	-29.02%	-4.74%	-24.28%
Average Drawdown Average peak-to-trough decline	-21.81%	-3.80%	-18.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.46%	3.61%	+4.85%

Volatility

UFO vs. QTOP - Volatility Comparison

Procure Space ETF (UFO) has a higher volatility of 19.63% compared to iShares Nasdaq Top 30 Stocks ETF (QTOP) at 9.71%. This indicates that UFO's price experiences larger fluctuations and is considered to be riskier than QTOP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	UFO	QTOP	Difference
Volatility (1M) Calculated over the trailing 1-month period	19.63%	9.71%	+9.92%
Volatility (6M) Calculated over the trailing 6-month period	33.65%	16.00%	+17.65%
Volatility (1Y) Calculated over the trailing 1-year period	40.71%	19.50%	+21.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.64%	23.44%	+7.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	31.16%	23.44%	+7.72%

UFO vs. QTOP - Expense Ratio Comparison

UFO has a 0.75% expense ratio, which is higher than QTOP's 0.20% expense ratio.

Dividends

UFO vs. QTOP - Dividend Comparison

UFO's dividend yield for the trailing twelve months is around 0.34%, more than QTOP's 0.33% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
QTOP iShares Nasdaq Top 30 Stocks ETF	0.33%	0.38%	0.11%	0.00%	0.00%	0.00%	0.00%	0.00%
UFO Procure Space ETF	0.34%	0.46%	1.98%	1.90%	3.19%	1.00%	1.07%	0.45%

Frequently Asked Questions

Can I hold both UFO and QTOP in my portfolio?

UFO and QTOP have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, UFO or QTOP?

UFO has higher volatility (19.63%) compared to QTOP (9.71%). In terms of maximum drawdown, UFO dropped -50.33% vs QTOP's -23.28%.

Which ETF is better, UFO or QTOP?

On 1-year performance, UFO leads with 76.34% vs 38.12% for QTOP. On fees, QTOP is cheaper at 0.20% per year. On volatility, QTOP has been the lower-risk option at 9.71%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, UFO or QTOP?

Over the 1-year period, UFO has performed better with a 76.34% return vs 38.12%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, UFO or QTOP?

QTOP is cheaper with a 0.20% expense ratio, compared with 0.75% for UFO.

Which ETF pays a higher dividend yield, UFO or QTOP?

UFO and QTOP have nearly identical dividend yields, around 0.34%.

What is the main difference between UFO and QTOP?

UFO is categorized as Global Equities, while QTOP is Nasdaq-100. UFO tracks S-Network Space Index, while QTOP tracks Nasdaq-100 Top 30 Index. They also come from different issuers: ProcureAM and iShares. Their fees differ too: 0.75% for UFO and 0.20% for QTOP.

Which has better risk-adjusted returns?

QTOP currently has the higher Sharpe Ratio (1.97 vs 1.89), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.